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Agriculture, Forestry and Fisheries
Thứ 4, Ngày 20/08/2014, 11:00
Government gives more incentives for agricultural development
Enterprises investing in agriculture and rural areas will be granted with additional incentives in terms of land allocation, vocational training, market expansion, services, scientific and technological applications, and transportation fees.

The Government lately issued Decree 61/2010/ND-CP, stipulating additional preferences for agricultural and rural development.

The Decree will take effect since July 25, 2010. 

The list of preferential sectors includes cultivation, aquaculture, and development of raw materials for processing zones. 

According to the Decree, the Government will exempt or cut 50-70% of fees for land or water surface leased up to 15 years in maximum for agricultural enterprises.

Those enterprises will be given a cut of 50-100% of vocational training fees, 50-70% of advertisement costs, as well as 50-70% of expenditures for participating in exhibitions. In addition, they will have to pay lower costs, from 50% to 100%, for accessing to information about agricultural production.

As reported by the Vietnam Economic Management Review (VEMR), there are around 39,000 enterprises operating in the agricultural sector and rural areas and accounting for 30% of domestic businesses. The figure is relatively low due to poor competitiveness, high risks of natural disasters, and long-term capital refund.  

Hence, the Decree is expected to lure more inflows of investment in the sector and rural areas, benefit peasants and utilize potentials there. 

The new policy will encourage enterprises to pour more investment in perfecting socio-economic infrastructure in rural areas, spurring production activities and services for job generation, renovation and modernization in the countryside.


Source: Government website

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Content Type: Tin Tức Mở Rộng
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Line Agency: People's Committee of Long An Province
Standing agency: The People's Committee Office​
Direct instruction: Chief of Staff of the People's Committee​​
Address: 61 Nguyen Hue, Ward 1, Tan An City, Long An Province
Phone: (0272). 3552489​
License No. 01 / GP-TTDT-STTTT dated March 3, 2015 - Department of Information and Communications